A new year is filled with promise, and it can also bring fears of the unknown. John Payne, senior futures and options broker at Daniels Trading, is telling farmers to expect the unexpected when it comes to supply and demand charts, inflation, and higher input costs.
“What has worked the last three to four years has been to sell ahead continuously sell ahead and hammer the back of the curve with sales,” he told AgDay host Clinton Griffiths.
He thinks there’s a bubble, and a move could be on the horizon.
“Keeping some sort of grain exposure makes a lot of sense,” he said “Having some sort of exposure in 2018, I’m pretty confident we’re going to see higher prices.”
Watch his full analysis on AgDay above.